Swiss National Bank Sells 2,900 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Key Points

• Swiss National Bank reduced its stake in Carlisle Companies by 2.2% during the 1st quarter, now holding approximately 127,800 shares valued at $43.5 million.
• Analysts have mixed ratings on Carlisle Companies, with recent upgrades and downgrades, resulting in a consensus rating of "Moderate Buy" and an average target price of $450.83.
• Carlisle Companies announced an increase in its quarterly dividend to $1.10 per share, representing an annualized yield of 1.2%.

Swiss National Bank reduced its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 2.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 127,800 shares of the conglomerate's stock after selling 2,900 shares during the quarter. Swiss National Bank owned approximately 0.30% of Carlisle Companies worth $43,516,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Carlisle Companies by 35.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,459 shares of the conglomerate's stock worth $3,902,000 after acquiring an additional 2,976 shares during the period. Spire Wealth Management boosted its stake in Carlisle Companies by 2.8% in the 1st quarter. Spire Wealth Management now owns 1,960 shares of the conglomerate's stock valued at $667,000 after purchasing an additional 54 shares during the period. CX Institutional bought a new stake in Carlisle Companies in the 1st quarter valued at $49,000. GAMMA Investing LLC boosted its stake in Carlisle Companies by 12.4% in the 1st quarter. GAMMA Investing LLC now owns 1,489 shares of the conglomerate's stock valued at $507,000 after purchasing an additional 164 shares during the period. Finally, Fifth Third Bancorp boosted its stake in Carlisle Companies by 11.5% in the 1st quarter. Fifth Third Bancorp now owns 1,103 shares of the conglomerate's stock valued at $376,000 after purchasing an additional 114 shares during the period. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Price Performance

NYSE CSL traded down $7.17 during midday trading on Thursday, hitting $391.81. The company had a trading volume of 426,510 shares, compared to its average volume of 465,348. The company has a current ratio of 2.19, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89. Carlisle Companies Incorporated has a twelve month low of $311.41 and a twelve month high of $481.26. The company has a market capitalization of $16.75 billion, a PE ratio of 21.89, a P/E/G ratio of 1.21 and a beta of 1.05. The firm has a 50-day moving average price of $385.93 and a 200-day moving average price of $369.32.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $6.27 EPS for the quarter, missing analysts' consensus estimates of $6.67 by ($0.40). Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the firm posted $6.24 EPS. Carlisle Companies's quarterly revenue was down .1% on a year-over-year basis. As a group, analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th will be issued a dividend of $1.10 per share. This is an increase from Carlisle Companies's previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. Carlisle Companies's payout ratio is presently 22.35%.

Analysts Set New Price Targets

CSL has been the subject of several recent research reports. Robert W. Baird boosted their price target on Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. initiated coverage on Carlisle Companies in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 price target for the company. Loop Capital downgraded Carlisle Companies from a "buy" rating to a "hold" rating and reduced their price target for the company from $430.00 to $395.00 in a research note on Thursday, July 31st. Truist Financial dropped their price objective on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Finally, Wall Street Zen raised Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Carlisle Companies has a consensus rating of "Moderate Buy" and an average price target of $450.83.

Carlisle Companies Company Profile

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.